Tuesday, 25 January, 2022
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Amazon asks India antitrust body to revoke Reliance-Future deal approval

Amazon asks India antitrust body  to revoke Reliance-Future deal approval

NEW DELHI: Amazon has asked India’s antitrust regulator to revoke its approval for Future Retail’s $3.4 billion sale of retail assets to Reliance, saying it was “illegally obtained”, violating an order suspending the deal, a letter seen by Reuters shows.

The approval for the deal was a “nullity in the eyes of law” as an arbitrator’s order was still in force, according to the letter sent by Amazon.com Inc to the Competition Commission of India (CCI) last week, report agencies.